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SBD Breakout Over $8, Strange Volume Reported By Upbit

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Published: 21 Jan 2018 › Updated: 21 Jan 2018SBD Breakout Over $8, Strange Volume Reported By Upbit

SBD Breakout Over $8, Strange Volume Reported By Upbit

At the moment of writing, SBD was trading, on average, at $8.21 on Coinmarketcap, on more than $200 million reported volume.

Screen Shot 2018-01-21 at 2.40.04 PM.png

I'm not sure how accurate this volume is, though, since the highest volume, reported by Upbit, is around $109 million, on the SBD/KRW pair.

As swissclive@swissclive suggested in a comment, it might be that Upbit is incorrectly reporting trading volume in KRW as being in USD. The USD/KRW exchange rate is around 1000KRW per USD.

The trading volume in BTC at Upbit is at $11 million, which will make a $0.109 million trading volume in USD plausible (hence, the 109 million reported being KRW).

Screen Shot 2018-01-21 at 2.46.56 PM.png

According to steem.supply, 1 SBD would give 1.549 STEEM now.

I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me dragosroua@dragosroua.


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